LVMH reports a good start to the year
French luxury conglomerate LVMH reported revenue growth in the first quarter of 2022 despite the difficult "current geopolitical context" and the impact of the pandemic in China.
“LVMH is off to a good start to the year despite continued disruptions due to the health crisis and dramatic events in Ukraine. All business groups achieved double-digit revenue growth, with the exception of Wines & Spirits, which continued to face supply constraints. The US and Europe also saw double-digit revenue growth, with Asia continuing to grow throughout the first quarter despite the impact of China's tightening of sanitary restrictions in March,” the group said.
Overall, in the first quarter of 2022, the LVMH Group generated revenues of 18 billion euros, reflecting a 29% increase compared to the same period in 2021. Growth of revenue in physical terms amounted to 23%.
In the fashion and leather goods segment, revenue growth in the first quarter of 2022 was 35%, reaching 9,12 billion euros, compared to the same period in fiscal 2021. In physical terms, sales increased by 30%.
Louis Vuitton got off to a good start to the year, while Christian Dior celebrated the opening of its historically first boutique in Paris at 30 Avenue Montaigne, after a two-year renovation. Fendi reports "strong growth driven in part by the success of the Kim Jones collections" while Celine's growth is attributed to "the success of its ready-to-wear and leather goods lines designed by Hedy Slimane." Loro Piana, Loewe, JW Anderson and Marc Jacobs are also recording a good start to the year in terms of sales.
French luxury conglomerate LVMH reported revenue growth in the first quarter of 2022 despite the difficult “current geopolitical context” and the impact of the pandemic on…
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We are ready for active development in the Russian market
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Coach turned to Big Data analysis and won the interest of a young audience
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IDOL updates the concept
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Louis Vuitton opens a new factory in Italy
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American buyers couldn't buy Birkin bags and sued Hermès
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Camper has released innovative sneakers - designers
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Christian Louboutin presented a collection in a cowboy style
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Fashion Week takes place in Moscow
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Permanent contributor to Shoes Report. Elena Vinogradova, an expert in sales and purchases in the fashion business, prepared an overview of the trends for the autumn-winter 2023/24 season especially for us.
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Five rules of professional lighting for a shoe store - something that is relevant in any season
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Two prominent Russian fashion designers Vyacheslav Zaitsev and Valentin Yudashkin passed away
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Rostov footwear brand Novak presented a collection of sneakers and sneakers
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How to create selling visual content for online based on the identified unique selling proposition?
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Shoe educational program: what shoe soles are made of
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How to set prices that will earn
Some businessmen still confuse the concept of margin with the concept of trade margins and set prices for their goods, guided solely by the example of competitors. No wonder they go broke! Analyst at the Academy of Retail Technologies Maxim Gorshkov gives several tips and formulas with which you can set not only ruinous, but also profitable prices.
Sales of shoes and accessories: effective techniques for business rhetoric
Which speech modules are effective in communicating with potential and current customers of shoe stores, and which are not, Anna Bocharova, a business consultant, knows.
We form the salary of sellers: expert advice
“How do you charge your consultants for personal or general sales?” Is one of the most popular questions causing a lot of controversy and gossip on the online forums of retail business owners. Indeed, how to properly form the earnings of sellers? But what about bonuses, where to get a sales plan from, do employees allow them to buy goods at discounted stores? In search of truth, the Shoes Report turned to a dozen shoe retailers, but no company wanted to disclose its motivation system - the process of its development was too complicated and individual. Then we asked four business consultants, and finally became convinced that the topic of seller motivation is very complex, because even our experts could not come to a common opinion.
The whole truth about Bayer. Who is he and how to become one?
Bayer is no longer a new, but still a popular and sought-after profession. It’s fashionable to be a buyer. Buyers are at the origins of the emergence and development of trends. If the designer offers his vision of fashion in the season, then the buyer selects the most interesting commercial ideas. It is on buyers that the policy of sales of stores and what, in the end, the buyer will wear depends on. This profession is surrounded by a magical fleur, often associated with a lack of understanding of what exactly is the work of a buyer.
Technology Selling Issues
There is nothing worse than meeting the buyer with the words “Hello, can I help you with something?”, Because the seller works in the store just to help. Criticizing this well-established pattern of communication with the buyer, Andrei Chirkarev, business coach for effective sales and the founder of the New Economy project, shares the technology of truly selling issues with readers of Shoes Report.
Fur, and not only: types of lining
In the production of winter footwear, various materials are used that are designed to retain heat and meet the requirements of consumers: natural sheepleather, artificial fur, artificial fur from natural wool and others. All types of lining fur have their own advantages and disadvantages. Let's consider the properties of each of them.
The best models of Czech shoes of the past
In Soviet times, for shoes from Czechoslovakia sold under the Cebo brand, customers stood in line for four hours and did not regret it, because Czech shoes were considered to be of high quality, comfortable and fashionable. Shoe designer Juraj Shushka shared a photo archive of his collection with Shoes Report magazine, which contains the most interesting Cebo models from the 1940's to the 1980's.
Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
